February 25, 2013
Iranian oil will continue to slip up as western sanctions on the Islamic Republic's alleged nuclear programme continue to hurt exports.
February 24, 2013
It's a scrumptious affair for food lovers and traders, as the Gulf's largest food industry event - Gulfood 2013 - prepares to showcase over 50,000 food and beverage brands and welcome hoards of industry VIPs to Dubai this week.
The GCC region remains steady in its inflation of 3.3%. The Gulf economies witnessed a moderate 3.0 percent inflation in consumer prices during 2012, down from 3.7 percent in 2011, according to the expert tracking. This is relatively low when compared to the global average inflation of 4.0 percent and the MENA region's 10.4 percent.
A survey has found that in the next three months, 30% of Middle East and North Africa (MENA) employers are “definitely hiring”, with an additional 27% stating that they are “probably hiring”.
February 21, 2013
Strike action in Lebanon rumbles on as the long-running debate over public sector pay increases shows no sign of abating.
The global phone giant HTC launched its new HTC One handset yesterday, which it hopes will take the fight to Apple for supremacy in the fight to be the leader in the market.
Defense contractors in the UAE are expecting to close deals with various government entities during Idex as they call on customers to buy locally.
Port Said, once a bustling trade and touristic hub, has been ravaged by recent violence, which hurts the once flourishing economy.
Oil prices were little changed on Wednesday as the prospect of more Saudi supply offset optimism about the global economy that has helped bolster an improved demand outlook.
The Qatar projects market is the third largest in the GCC, just behind Saudi Arabia and the UAE, according the a new report.
February 20, 2013
Online shopping in Egypt is growing, having attracted millions in investment since the 2011 revolution, but will this nascent industry take off?
With the increase in the cost of food, fuel and other basic commodities in Morocco, the country's parliament is considering moves to reduce the cost of living for the nation's population.
Ratings agency Standard and Poor's downgraded Tunisia's long-term ratings over fears of continued political instability in the North African country.
A team from the International Monetary Fund recently visited the Dubai Economic Council as part of the international financing institution tour of the UAE.
UAE motorists are laughing all the way to the tank after it was revealed the country has the fifth cheapest petrol in the world, according to the latest Bloomberg statistics.